URL: http://www.topmba.com/mbanews/news_item ... n=MBAFeb07
B-School Rankings Lose their Lustre
With Wharton again coming top of the latest Financial Times (FT) rankings, and Chicago coming top of the latest Business Week (BW) rankings, their Deans should be popping champagne. Dipak Jain, Dean of Kellogg, which was deposed from the top perch of BW, should be suffering anxiety attacks. The reality however, is that Business School officials have become more sanguine about rankings in recent years, as the proliferation of rankings reinforces their skepticism and as they realize that rankings seem to be steadily losing their impact with MBA applicants around the world.
Although The Wharton School still tops rankings, Dean Pat Harker argues â€œSome people believe that if the rankings help us, who cares if they are flawed or give a limited view of the school? But we canâ€™t have it both ways. We either endorse a defective, inconsistent practice, or we speak out and â€¦work with the media to enable them to report with more useful, objective data.â€